SpringOwl Activist Presentation Deck
Mayer's Recent Stock Selling:
▪ 7 months after Dan Loeb left the Yahoo
board, Mayer started using her stock
options, selling over $26 million worth of
Yahoo Stock Options
▪ She characterized this selling internally
at an all-hands meeting as an example
of "good governance" because it was
part of a 10b5-1 plan, according to
someone at the meeting we spoke to
Selling is selling
Source:
1.Company Fillings (Form 4)
Date
2/7/2014
3/4/2014
4/1/2014
4/15/2014
4/30/2014
5/15/2014
5/30/2014
6/10/2014
6/26/2014
7/10/2014
8/5/2014
8/18/2014
9/5/2014
9/15/2014
10/2/2014
10/16/2014
SpringOwl!
Asset Management LLC
10/31/2014
11/12/2014
11/25/2014
12/8/2014
12/22/2014
1/8/2015
1/20/2015
4/9/2015
4/16/2015
Total
Non-Derivative Securities Disposed (10B5-1Plan) ¹
Amount Bought Buying Price Amount Sold Selling Price
$36.83
$18.87
36000
$18.87
36000
$39.53
$18.87
36000
$36.34
$18.87
36000
$33.69
$18.87
36000
$35.86
$18.87
36000
$33.79
$18.87
$34.56
$18.87
$36.04
$18.87
$33.60
$18.87
$34.86
$18.87
$36.10
$19.87
$37.51
$18.87
$39.37
$18.87
$18.87
$18.87
$18.87
$18.87
$18.87
$18.87
$18.87
$18.87
$18.87
$18.87
$18.87
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
250000
125000
2.http://www.bloomberg.com/news/articles/2015-08-19/softbank-s-arora-to-buy-483-million-of-stock-as-personal-bet-
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
36000
200000
100000
Profit ($)
$646,588.80
$743,929.20
$628,750.80
$533,566.80
$611,636.40
$537,044.40
$564,811.20
$618,141.60
$530,200.80
$575,550.00
$620,409.60
$634,989.60
$738,036.00
$42.44
$848,469.60
$40.00
$760,536.00
$37.77
$680,536.80
$45.89
$972,716.40
$50.55 $1,140,418.80
$51.79
$49.45
$51.16
$49.64
$47.62
$46.00
$46.00
$1,185,246.00
$1,101,031.20
$1,162,537.20
$1,107,795.60
$1,035,093.60
$5,426,000.00
$2,713,000.00
$26,117,036.40
Confidential | For Discussion Purposes Only | 56View entire presentation